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Prenumeration

Kalender

Est. tid*
2026-01-21 08:00 Bokslutskommuniké 2025
2025-10-22 08:00 Kvartalsrapport 2025-Q3
2025-07-16 08:00 Kvartalsrapport 2025-Q2
2025-05-14 N/A X-dag ordinarie utdelning VEFAB 0.00 SEK
2025-05-13 N/A Årsstämma
2025-04-16 - Kvartalsrapport 2025-Q1
2025-01-22 - Bokslutskommuniké 2024
2024-10-23 - Kvartalsrapport 2024-Q3
2024-07-17 - Kvartalsrapport 2024-Q2
2024-05-15 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2024-05-14 - Årsstämma
2024-04-17 - Kvartalsrapport 2024-Q1
2024-01-24 - Bokslutskommuniké 2023
2023-10-25 - Kvartalsrapport 2023-Q3
2023-10-03 - Extra Bolagsstämma 2023
2023-07-19 - Kvartalsrapport 2023-Q2
2023-05-10 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2023-05-09 - Årsstämma
2023-04-19 - Kvartalsrapport 2023-Q1
2023-01-25 - Bokslutskommuniké 2022
2022-10-26 - Kvartalsrapport 2022-Q3
2022-07-20 - Kvartalsrapport 2022-Q2
2022-05-11 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2022-05-10 - Årsstämma
2022-04-27 - Kvartalsrapport 2022-Q1
2022-02-02 - Bokslutskommuniké 2021
2021-11-03 - Kvartalsrapport 2021-Q3
2021-07-28 - Kvartalsrapport 2021-Q2
2021-05-07 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2021-05-06 - Årsstämma
2021-04-28 - Kvartalsrapport 2021-Q1
2021-02-03 - Bokslutskommuniké 2020
2020-11-04 - Kvartalsrapport 2020-Q3
2020-10-22 - Extra Bolagsstämma 2020
2020-07-30 - Kvartalsrapport 2020-Q2
2020-05-14 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2020-05-13 - Årsstämma
2020-04-29 - Kvartalsrapport 2020-Q1
2020-02-12 - Bokslutskommuniké 2019
2019-11-13 - Kvartalsrapport 2019-Q3
2019-08-14 - Kvartalsrapport 2019-Q2
2019-05-22 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2019-05-21 - Årsstämma
2019-05-15 - Kvartalsrapport 2019-Q1
2019-02-20 - Bokslutskommuniké 2018
2018-11-14 - Kvartalsrapport 2018-Q3
2018-08-22 - Kvartalsrapport 2018-Q2
2018-05-18 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2018-05-17 - Årsstämma
2018-05-16 - Kvartalsrapport 2018-Q1
2018-03-07 - Bokslutskommuniké 2017
2017-11-29 - Kvartalsrapport 2017-Q3
2017-08-30 - Kvartalsrapport 2017-Q2
2017-05-19 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2017-05-18 - Årsstämma
2017-05-17 - Kvartalsrapport 2017-Q1
2017-03-15 - Bokslutskommuniké 2016
2016-11-30 - Kvartalsrapport 2016-Q3
2016-08-31 - Kvartalsrapport 2016-Q2
2016-05-19 - Årsstämma
2016-05-18 - Kvartalsrapport 2016-Q1
2016-05-02 - X-dag ordinarie utdelning VEFAB 0.00 SEK
2016-03-10 - Bokslutskommuniké 2015
2015-11-18 - Kvartalsrapport 2015-Q3

Beskrivning

LandSverige
ListaMid Cap Stockholm
SektorFinans
IndustriInvesteringar
VEF är ett investmentbolag. Bolaget investerar på tillväxtmarknader. Störst fokus innehas på bolag verksamma inom Fintech-branschen, vilket inkluderar teknikbolag i finanssektorn. Investeringsportföljens består till störst del av bolag i tidig tillväxtfas med produkter/tjänster inom konsumentkredit, betalningslösningar, penningöverföring och försäkringar. Bolaget gick tidigare under namnet Vostok Emerging Finance och har sitt huvudkontor i Stockholm.
2023-01-25 08:00:00

Key events during the quarter

  • VEF invested an additional USD 5 mln into Creditas in the form of a convertible note.
  • In August VEF announced that the Board of Directors had approved a new buyback program of up to a maximum of USD 10 mln. During the year, VEF has repurchased shares equivalent to USD 2.9 mln, of which USD 1.7 mln worth of shares were repurchased during the fourth quarter.
  • USD NAV down 14% during the quarter, a reflection of the decrease in valuation of the underlying portfolio driven by market moves of listed peers. On a company level, delivery remained strong and broadly on forecast through the quarter.

Net asset value

  • NAV of VEF’s portfolio as at YE22 is USD 381.8 mln (YE21 761.7). NAV per share has decreased by 49.9% to USD 0.37 (YE21: 0.73) per share during FY22.
  • In SEK, NAV equals 3,981 mln (YE21: 6,885). NAV per share has decreased by 42.1% to SEK 3.82 (YE21: 6.61) per share during FY22.
  • Cash position, including liquidity placements, was USD 48.5 mln (YE21: 61.8) at the end of 2022.

Financial result

  • Net result for 4Q22 was USD -61.5 mln (4Q21: 208.0). Earnings per share were USD -0.06 (4Q21: 0.22).
  • Net result for FY22 was USD -377.4 mln (FY21: 275.5). Earnings per share were USD -0.36 (FY21: 0.30).

The financial result for the fourth quarter is principally a reflection of the decrease in valuation of the underlying portfolio (-12%) QoQ. Valuation changes in individual portfolio names were mainly driven by market moves in their respective listed peers coupled with moderately revised revenue forecasts, in parts, reflecting plans to reach profitability. The result for the quarter broadly mirrors the valuation decreases in global fintech indices, which experienced a further sell-off during the period. On an aggregated level, and specifically amongst the top portfolio names, underlying delivery remained strong and broadly on track vs. updated and profitability focused forecasts.


Dec 31, 2020Dec 31, 2021Dec 31, 2022
Net asset value (USD mln)388.1761.7381.8
Net asset value (SEK mln)3,1786,8853,981
Net asset value per share (USD)0.470.730.37
Net asset value per share (SEK)3.836.613.82
VEF AB (publ) share price (SEK)4.046.052.45


Events after the end of the period

No significant events after the end of the period.

Visit VEF’s IR page for our financial reports and other information: vef.vc/investors